Zinzino announced its financial results for the second quarter of 2024, reporting $49 million in revenue, a 24% increase compared to the same period of 2023. EBITDA during the quarter increased to $0.58 million with an EBITDA margin of 12.4%. Gross profit margin during the quarter was 34.4% with cash flow from operating activities reaching $8.86 million.
Total revenue for the first half of the year saw a positive growth rate of 20%, reaching $93.4 million. Gross profit margin for the first six months of 2024 was 34.9%, or $32.6 million. EBITDA margin during this period was 11.9%, or $11.1 million. Cash flow from operating activities during the first six months amounted to $9.1 million.
The company ended the first half of the year with cash and cash equivalents of $28.7 million.
